Keir Starmer Resigns as UK PM With Andy Burnham Eyed as Successor
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UK Prime Minister Keir Starmer resigned after less than two years and will serve as caretaker until Labour selects a new leader; leadership nominations open July 9 with a successor expected before Parliament resumes in September. On June 22 the Bank of England introduced new rules for sterling‑pegged stablecoins, a regulatory milestone for crypto that should improve security, compliance and adoption across DeFi, DEXs and CEXs by clarifying issuer requirements.
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- UK PM Keir Starmer resigns and will remain a caretaker until Labour selects a new leader.
- With Burnham, the UK is set to have its seventh Prime Minister in just the last 10 years.
- On June 22, the Bank of England rolled out new rules for sterling‑pegged stablecoins.
UK Prime Minister and Labour leader Keir Starmer officially announced his resignation after less than two years in office. He said he’ll stay on as caretaker until Labour picks a new leader. Starmer reportedly already informed King Charles III about his decision.
Labour will open leadership nominations on July 9, with a new leader expected before Parliament resumes in September.
It seems the resignation was a culmination of multiple issues, after Labour won by a landslide in 2024. The main complaints include weak economic growth, the cost of living, strained public services, immigration, and infight…
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